This Slide: #67 of 100 |
Slide #67. Kennametal — Tungsten Materials Business from ATI
Acquirer:
Kennametal (KMT)
Acquiree:
Tungsten Materials Business from ATI (ATI)
Details:
Kennametal Inc. (NYSE: KMT) today completed its transaction to acquire the Tungsten Materials business from Allegheny Technologies Incorporated (NYSE: ATI) for $605 million. The acquisition, announced on Sept. 16, 2013, brings annual sales of approximately $340 million and an estimated 1,175 employees.
Kennametal is a manufacturer of tungsten carbide metal cutting tooling. Co.'s capability includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and wear applications. Co.'s operating segments are: Metal Cutting, which develops and manufactures tooling and metal cutting products and services and provides an assortment of metal cutting solutions to end markets; and Infrastructure, which produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, primarily for the aerospace and defense, energy, earthworks and general engineering end markets.
KMT SEC Filing Email Alerts Service
Open the KMT Page at The Online Investor »
Kennametal is a manufacturer of tungsten carbide metal cutting tooling. Co.'s capability includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and wear applications. Co.'s operating segments are: Metal Cutting, which develops and manufactures tooling and metal cutting products and services and provides an assortment of metal cutting solutions to end markets; and Infrastructure, which produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, primarily for the aerospace and defense, energy, earthworks and general engineering end markets.
KMT SEC Filing Email Alerts Service
Open the ATI Page at The Online Investor »
|
|
Free Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |